The pioneering, but stalled Laikipia Infrastructure Bond has been in the news lately prompting ongoing debate on social media. Young Laikipia professionals asked me about it in a Spaces forum, Monday night.
At Sh1.16 billion the bond is relatively small. Being novel, it has attracted a lot of attention in the years it has been under consideration. Current debate has suffered three misconceptions. To shed light, here is an explainer.
